Indian Acrylics (BOM:514165) Debt-to-Equity : 4.59 (As of Mar. 2024)

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What is Indian Acrylics Debt-to-Equity?

Indian Acrylics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹588 Mil. Indian Acrylics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,280 Mil. Indian Acrylics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹407 Mil. Indian Acrylics's debt to equity for the quarter that ended in Mar. 2024 was 4.59.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Indian Acrylics's Debt-to-Equity or its related term are showing as below:

BOM:514165' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 1.53 Max: 4.59
Current: 4.59

During the past 13 years, the highest Debt-to-Equity Ratio of Indian Acrylics was 4.59. The lowest was 0.27. And the median was 1.53.

BOM:514165's Debt-to-Equity is ranked worse than
97.01% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:514165: 4.59

Indian Acrylics Debt-to-Equity Historical Data

The historical data trend for Indian Acrylics's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indian Acrylics Debt-to-Equity Chart

Indian Acrylics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.51

1.45

2.98

1.99

4.59

Indian Acrylics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.99	N/A	3.09	N/A	4.59

Competitive Comparison of Indian Acrylics's Debt-to-Equity

For the Textile Manufacturing subindustry, Indian Acrylics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Indian Acrylics's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Acrylics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Indian Acrylics's Debt-to-Equity falls into.

Indian Acrylics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indian Acrylics's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(588.213	+	1280.095)	/	406.832
	=	4.59

Indian Acrylics's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(588.213	+	1280.095)	/	406.832
	=	4.59

Indian Acrylics (BOM:514165) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Indian Acrylics Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Indian Acrylics's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Indian Acrylics (BOM:514165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Acrylics Ltd (BOM:514165) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Madhya Marg, SCO 49-50-51, Sector 26, Chandigarh, IND, 160019

Website

https://www.indianacrylics.com

Indian Acrylics Ltd is a manufacturer of acrylic fibre and acrylic yarn in India. The company operates in two segments: Fibre, which includes Staple Fibre, Tow and Tops, and Yarn, which include all kinds of Yarn manufactured and sold by the Company. Its products include Staple Fibre, Acrylic Fibre, Acrylic Tow, and Acrylic Tops. The majority of the revenue is generated in India and from the fibre segment and it exports to other countries as well.

Indian Acrylics (BOM:514165) Headlines

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